Gaining some recurring income is a great way to boost your finances և make money less dependent on your daily work. And investing in dividend stocks is one way to achieve that. While many of them do not pay on a monthly basis, this does not mean that you can not raise money from different investments every month.

Below I will show you how to invest about $ 72,036 in three stocks. Gilead (NASDAQ: GILD), Altria (NYSE: MO), և: Verizon Communications: (NYSE: VZ) – can get you $ 300 a month in dividends.

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1. Gilead Sciences – $ 28,571

Healthcare company Gilead Sciences currently pays a 4.2% yield. A $ 28,571 investment for this stock will give you $ 300 each March, June, September և December, which is the current payment schedule. And your payouts are likely to increase over time as Gilead raises its dividends in recent years, up 4.4% from $ 0.68 to $ 0.71 earlier this year.

Gilead may have disappointed investors over the past year as its COVID-19 treatment, remedisivir, which many thought could be a silver bullet to track down the virus, failed to make a fuss. The World Health Organization even advised against: drug use. However, it continues to be used և helped boost the company’s sales in the first three months of 2021. Revenue rose 16% year-on-year to $ 6.4 billion. Gilead expects its EPS to be around $ 4.75 և և $ 5.45 this year. Even at a low level of that forecast, it will make the company’s payout ratio only 60%, which is very stable. In both 2019 and 2018, the years when the epidemic did not affect the epidemic, the company’s EPS comfortably exceeded $ 4.

Investors should not worry too much about dividends if remedisivir becomes a non-factor. Payments look safe, և shares can be a solid buy for income investors.

2. Altria – $ 16,438

List grass giant Altria currently pays the highest yield on this list – 7.3%. To earn $ 300 per share per quarter, you only need to invest $ 16,438. The current quarterly payment of the company is $ 0.86, և “Dividend Aristocrat” has increased its payments by 54% in the last five years. 2016 He initially paid $ 0.56. Altria usually pays dividends every January, April, July: October.

Sales for the period ended March 31 totaled more than $ 6 billion, down 5% year-on-year. However, the company’s operating profit increased by more than 15% due to gross margin improvements. If it were not for the $ 161 million in total investment losses, its pre-tax profit would have been almost identical to a year earlier (instead, they have fallen). By 8%).

Altria expects its adjusted diluted EPS to grow from 3% to 6% in 2021, falling between $ 4.49 and $ 4.62. Under this guideline, the company’s payout ratio will be about 77%. Although it is slightly higher than Gilead, it should not necessarily be a major concern for investors. Altria remains one of the better-performing stocks you can buy today, one that can generate significant dividend returns in the long run.

3. Verizon – $ 27,027

Large telecommunications stocks are great places to invest your money if you want some dividend income. Because they meet the needs of millions of consumers, that translates into a lot of recurring revenue for businesses and long-term sustainability for their investors. Verizon is no exception. Against the backdrop of last year’s epidemic, the company’s net profit of $ 17.8 billion fell 8 percent year on year, but it was still better than the $ 15.5 billion in 2018.

By 2021, the company expects its adjusted EPS to be at least $ 5, which is almost double the $ 2.51 that investors can expect from an annual dividend. Of course, there is room for an increase in payments, և the company increased them by 2% last year, from $ 0.6150 to $ 0.6275. Verizon makes payments every February, May, August and November. At 4.4% Yield, you will need to invest a little over $ 27,027 in stock to expect to raise $ 300 in each range.

Verizon is making a strong start to 2021, with net income of $ 5.4 billion for the first quarter growing by more than 25% year-on-year. It has benefited from positive sales growth in all its major sectors, including the consumer, where sales have grown by around 5%. The company seems to be in great shape և could be one of the winners in the US economy, opening up և returning to normal in many areas.

This article presents the opinion of a writer who may disagree with the position of the “official” offer of Motley Fool Premium Consulting. We are motley! Investigating an investment thesis, even our own, helps all of us think critically about investing, making decisions that will help us become smarter, happier, and richer.